https://www.taxtmi.com/caselaws?id=14205 The Tribunal deleted the addition made by the Assessing Officer regarding profit on unaccounted sales of cashew kernels, initially Rs. 45,650 and later proposed at Rs. 7,70,816. The Tribunal found discrepancies in the accounts and concluded that the excess closing stock of kernels was the primary issue, leading to the deletion of the addition. The High Court upheld the Tribunal's decision, stating no question of law arose, emphasizing the Tribunal's role as the fact-finding authority in tax matters, with limited scope for High Court interference unless findings are considered perverse. en-us Mon, 12 Mar 2001 00:00:00 +0530 Tue, 14 Jul 2009 13:45:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14205 The Tribunal deleted the addition made by the Assessing Officer regarding profit on unaccounted sales of cashew kernels, initially Rs. 45,650 and later proposed at Rs. 7,70,816. The Tribunal found discrepancies in the accounts and concluded that the excess closing stock of kernels was the primary issue, leading to the deletion of the addition. The High Court upheld the Tribunal's decision, stating no question of law arose, emphasizing the Tribunal's role as the fact-finding authority in tax matters, with limited scope for High Court interference unless findings are considered perverse. Case-Laws Income Tax Mon, 12 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14205